Japanese Stocks: Acom, Edion, NTT Urban, Promise, Taiyo Nippon

Nov. 16 (Bloomberg) -- Japan’s Nikkei 225 Stock Average
fell 30.41, or 0.3 percent, to 9,797.10 as of the close in Tokyo.
The following were among the most active shares in the Japanese
market today. Stock symbols are in parentheses after company
names.

Best Bridal Inc. (2418 JT), a wedding-service provider,
surged 12 percent, to 82,900 yen, the steepest advance since
April 2009. The Tokyo Stock Exchange approved the company to
move to the bourse’s first or second section from the current
Mothers section as of Dec. 8, Best Bridal said in a release. The
company said President Masayuki Tsukada will sell 32,500 shares
in the company to the public.

Daiken Corp. (7905 JT), a maker of housing materials, leapt
6.3 percent to 203 yen. The company will buy back as much as
0.79 percent of its outstanding shares.

Edion Corp. (2730 JT), an operator of electronics retail
chains, slumped 3.7 percent to 643 yen. The retailer was
investigated by Japan’s Fair Trade Commission on suspicion of
violation of the anti-monopoly law, Edion said today in a
release.

Gakken Holdings Co. (9470 JT), a publisher of educational
books and magazines, soared 9.9 percent to 156 yen, the sharpest
advance since August 2009. The company said it expects net
income to about triple to 900 million yen ($10.8 million) this
fiscal year as it withdraws from its unprofitable operations.
The company earned 305 million yen a year earlier.

Hokuhoku Financial Group Inc. (8377 JT), a regional bank,
sank 5.7 percent to 150 yen, the sharpest decline since July
2009. The lender said it expects net income of 17.5 billion yen
for this fiscal year. That is below the mean estimate of 18.4
billion yen in a Bloomberg survey of four analysts.

Maspro Denkoh Corp. (6749 JT), a maker of television
antennas, plunged 15 percent to 650 yen, the biggest drop and
the lowest close since listing on the Tokyo bourse in March 1997.
Denso Corp. (6902 JT), an auto-parts maker, said it will sell
its entire 7.16 percent stake in Maspro Denkoh to cancel a
capital alliance. Denso was little changed at 2,648 yen.

Nihon Nohyaku Co. (4997 JT), an insecticide and fungicide
maker, tumbled 8.9 percent to 399 yen, the steepest decline
since Nov. 19, 2009. The company said it expects a 13 percent
drop in net income to 1.4 billion yen this fiscal year.